Stephen Elop was introduced by Nokia’s Chairman of the Board Jorma Ollila to journalists at a press conference yesterday at Nokia’s head office in Espoo, Finland. Jorma also explained to the media some of the process behind this new appointment indicating that the search for a new CEO commenced in May of this year already and that it had been an extensive process.
“We asked ourselves who would be the best person for Nokia and enable the company’s renewal to be successfully accelerated. In the last month, after we had looked at several internal candidates, as well as several external candidates, we narrowed in on Stephen Elop and, after a number of discussions, concluded a contract with him”
“The board felt that now is the right time to accelerate the company’s renewal, to bring in some new executive leadership, with slightly different skills and strengths. We believe that Stephen has the right industry experience and the leadership skills to realise the full potential of this great company. It is particularly his strong software background and proven record in change management that will be his strongest assets as we push harder on completing the transformation”
“I want to make one particular observation, from Steve’s background, and evident from many discussions the board and myself have had. He has a very strong culture sensitivity and a grasp of the importance of Nokia’s special heritage. These will be important attributes in making his tenure a success.”
After the break the full press conference recorded by Nokia:
Will Stephen be able to produce the same magic on Nokia’s fledgling line of mobile devices as he did at Microsoft’s products? He has made it clear that his primary focus will not be on a fundamental change in strategy, but rather an improvement on the execution and communication of Nokia’s current strategy.
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